Merit Financial Group LLC Grows Stock Holdings in Capital Group Dividend Value ETF $CGDV

Merit Financial Group LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 31.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,904 shares of the company’s stock after purchasing an additional 71,143 shares during the quarter. Merit Financial Group LLC owned about 0.06% of Capital Group Dividend Value ETF worth $11,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 34.0% in the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after buying an additional 7,468,408 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after acquiring an additional 301,908 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Dividend Value ETF by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock valued at $542,000,000 after acquiring an additional 4,071,484 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after acquiring an additional 2,220,112 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Capital Group Dividend Value ETF by 19.8% during the 1st quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock valued at $360,668,000 after acquiring an additional 1,672,691 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $42.34 on Friday. The firm’s 50-day moving average is $41.40 and its two-hundred day moving average is $38.54. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $42.53. The company has a market capitalization of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks.